1353 Ridgeway DrSpringfieldOH45506
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.6% gross rental yield, 1353 Ridgeway Dr, Springfield, OH, 45506 in Springfield is priced for capital growth, not immediate cash flow. The $260,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $71,833 by year five, with $2,395/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.04) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $67,065.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 7.2% |
| Monthly Cash Flow | $(497) | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,213 |
| Total Monthly Debt Service | $1,607 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
0.52 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1953
0.52 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: J. Steve Strong • Irongate Inc.
Mls Name: DABR MLS
Mls Provider:
Mls ID: #881731
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